Sascha Malsy new Head of Real Estate Finance
October 09, 2020
As of December 1, 2020, Sascha Malsy (39) will lead the Real Estate Finance division for Germany, Austria and the Czech Republic. Malsy succeeds Michele Monterosso, who will be developing a new sector as Global Sector Lead for Construction.
ING publishes second progress report on climate alignment
October 08, 2020
ING today published its second progress report on Terra, ING’s approach to steer its €600 billion lending book in line with the well-below two-degree climate goal of the Paris Agreement.
ING issues world’s first €STR loan
April 24, 2020
ING Wholesale Banking has issued the world’s first loan tied to the new €STR. The loan will be used for the funding of a wind farm project. ING has granted a 19-year bilateral loan to the eco-friendly electricity provider Energiekontor AG, whereby the interest rate is not based on Euribor (Euro InterBank Offered Rate) but rather on the €STR (Euro Short Term Rate) newly developed by the European Central Bank.
ING Germany completes agile transformation with growth in customers and earnings
February 6, 2020
ING Germany has concluded a year of radical change with strong business results. The bank, which has been operating with completely agile structures and applying agile working methods for several months now, achieved pre-tax earnings of EUR 1.352 billion in 2019 (2018: EUR 1.322 billion).
ING finances Greenfield Onshore Wind Farm in France
September 5, 2019
ING Wholesale Banking has successfully arranged a EUR 73 million project financing for the French wind farm developer Eco Delta, for construction and operation of the 48.4 MW onshore windfarm Maestral. The transaction represents a landmark as representing the largest greenfield onshore wind farm in the South of France of the year.
Dürr issues the first ESG-linked Sustainability Schuldschein with ING
June 19, 2019
On June 18, the machinery and plant manufacturer Dürr AG issued a Euro 200 million Sustainability Schuldschein. The special feature of this type of sustainable financing is that interest rate of the coupon is linked to Dürr Group's sustainability rating.
ING finances the “Aurum” office building in Munich
June 4, 2019
ING Wholesale Banking and M&G Real Estate have closed another financing of €33.6m (40% LTV) for the modern office building “Aurum” in Munich.
ING and LBBW finance logistics real estate portfolio for KGG
April 24, 2019
Landesbank Baden-Württemberg (LBBW) and ING Wholesale Banking have refinanced a portfolio of six logistics buildings in Bremen, Moenchengladbach, Nuremberg, and Pforzheim for KGG, a partnership between Malaysian retirement fund the Employees Provident Fund and the logistics specialist Goodman. Both banks each provides half of the EUR 136 million in financing.
ING acquires stake in Export Finance specialist AKA
April 8, 2019
ING Germany is taking the next step towards further growth of its Wholesale Banking business by acquiring five per cent in European Export and Trade Bank AKA („AKA“). Michiel de Vries, Global Head Structured Export Finance at ING, will join the Supervisory Board of AKA.
Refinancing of Kaiser Wilhelm Höfe by ING
April 2, 2019
ING Wholesale Banking has refinanced the "Kaiser Wilhelm Höfe" in Cologne, which is managed by Art-Invest Real Estate, on a long-term basis with EUR 100 million. The office complex located at the Kaiser-Wilhelm-Ring between MediaPark and the Belgian Quarter consists of three existing buildings and the lately completed new building the "Kaiser Hof".
ING Germany continues success story
February 7, 2019
ING continued its growth course in Germany and Austria in 2018 and again surpassed the previous year’s result. ING-DiBa AG’s earnings before taxes, which were recorded for the last time for the sake of comparability, rose to EUR 1,280 million in the past fiscal year (2017: EUR 1,269 million).
ING finances wind farm Lakiakangas in Finland
October 29, 2018
ING Wholesale Banking structured and arranged the EUR 70,000,000 project financing of the onshore wind farm Lakiakangas located in Karijoki and Isojoki, Finland. The project sponsor is CPC Germania.
ING new financings for M&G Real Estate in Germany
April 23, 2018
ING Real Estate Finance Germany closed two transactions in Germany for a combined amount of €55m (sub 45% LTV) with M&G Real Estate, the real estate fund management arm of M&G Investments.
New profits record in 2017
February 1, 2018
ING-DiBa closed the financial year 2017 with a record result – for the fifth time in a row – posting earnings of EUR 1,269 million before tax. The bank now manages a business volume of EUR 288 billion (2016: EUR 269.1 billion).
ING, pbb and LBBW finance Sony Center
November 16, 2017
pbb Deutsche Pfandbriefbank AG, Landesbank Baden-Württemberg (LBBW) and ING Wholesale Banking, acting as Mandated Lead Arrangers and Original Lenders, have provided the long-term financing for the "Sony Center" in Berlin for a joint venture of Oxford Properties Group and Madison International Realty with a total volume of EUR 625 million. In addition, pbb acts as a facility and security agent for the financing.
ING refinances Vattenfall headquarters in Berlin for Barings
September 29, 2017
In September 2017 Barings Real Estate Advisers refinances €47 million of the Vattenfall headquarters in Berlin-Mitte with ING Wholesale Banking in a bilateral deal structure. The property at the corner of Chaussestraße/Zinnowitzer Straße in Berlin was acquired by Barings in June this year. The 18,900 sqm office building is completely let to Vattenfall.
Michele Monterosso appointed Head of Real Estate Finance in Germany and Austria
September 28, 2017
Michele Monterosso has been appointed Head of Real Estate Finance Germany & Austria within Lending Services of ING Wholesale Banking, effective from October 2017.
ING refinances three office assets in Hamburg, London and Paris for Hines
September 11, 2017
In August 2017 ING Wholesale Banking refinanced €70 million debt for three core office buildings in prime locations in Hamburg, London and Paris for Hines acting on behalf of one of its funds.
Financing of Commerzbank Tower
September 7, 2017
Lenders consortium of ING, BayernLB and pbb Deutsche Pfandbriefbank financed the acquisition of the Commerzbank Tower in Frankfurt for an Asian institutional investor.
Investment in Energy Supplies of the Future
June 23, 2017, umweltdialog.de
Due to the energy transition and fluctuating stock prices, the municipal utilities in Germany are under massive pressure. The formerly lucrative suppliers of conventional power generation are threatened to lose business if they do not transform into urban businesses. There are, however, new possibilities to make money by selling electricity. The city of Kiel is an example of how to transform, with its new flexible shoreline powerhouse that should become active in Spring of 2018. The necessary financing was provided by the corporate banking branch of ING-DiBa, ING Wholesale Banking.
Foreign Countries Discover the Schuldschein
May 3, 2017, “Frankfurter Allgemeine Zeitung”
The Schuldschein is becoming more and more interesting for businesses and investors. Klaus Pahle discusses the well-established financial instrument with FAZ editor Markus Frühauf.
LBBW and ING to finance portfolio of office real estate
February 14, 2017
Landesbank Baden-Württemberg (LBBW) and ING Wholesale Banking have refinanced an international portfolio of office real estate for a joint venture between US pension fund manager TIAA and the two Swedish national pension funds AP1 and AP2.
ING’s CEO von Schorlemer: "We want to become a Core Bank"
January 19th, 2017, “FINANCE TV”
ING is making progress with its growth offensive in German Corporate Banking: 130 German businesses are customers of ING Wholesale Banking, said CEO Joachim von Schorlemer in an interview with FINANCE-TV. He announced, “We will invest and grow substantially.” Von Schorlemer also discussed the role of credit, how the cost-income ratio of the bank has developed, and how ING Wholesale Banking has separated itself from competitors in the highly competitive German market. The whole story can be found in his interview with FINANCE-TV.
ING-DiBa expanding corporate clients business
January 13, 2017, “Frankfurter Allgemeine Zeitung”
Joachim von Schorlemer about expanding of the lending business, building business relationships and the corporate culture at ING Wholesale Banking.
ING provided EUR 85mln to CA Immo on refinancing Kontorhaus in Munich
January 17, 2017
ING Wholesale Banking Germany has provided a EUR 85,000,000 term loan to German subsidiary of the Austrian real estate group CA Immobilien Anlagen AG 2016 to finance the investment phase of Kontorhaus.
„In the future we will be involved earlier”
1 – 2/2017, Energie & Management
Christian Schulz about changes in the financing of wind park projects
ING acquires stake in Export Finance specialist AKA